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Financials I in Microsoft Dynamics AX 2012

This course explores some of the basic financial functionality available in Microsoft Dynamics AX. Students will be introduced to set up processes in General Ledger, Accounts Payable, Accounts Receivable, and the Bank mo... Show More
Course Prerequisites:
This course is intended for partners, customers and other end users of the financial modules in Microsoft Dyna... Show More
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Instructor-Led Training (ILT)

Attend training in a classroom environment at a campus near you. Instructor-led training is still the number one delivery method of choice because it allows you to interact and discuss the training material, either individually or in a group setting, and you gain access to expert knowledge from certified instructors. This form of guided learning is impactful and produces positive learning outcomes. Day, evening and Saturday classes are offered.


3 Days

Course Content

Module 1: General Ledger Setup This module explains how to work with the chart of accounts and its multiple dimensions. These dimensions may be used to track profits, cost centers, and other financial information. Allocation rules and methods are also discussed in this course.

  • Currency and Exchange Rate Setup
  • Periods and Fiscal Year Setup
  • Date Intervals
  • Reason Codes
  • Financial Dimensions
  • Financial Dimension Sets
  • Period Allocations

Lab : Setup a Currency Exchange Rate
Lab : Create Periods in a New Fiscal Year
Lab : Assign Ledger Account Dimension Values

Module 2: Chart of Accounts Setup This module discusses the setup of the chart of accounts. Topics include account categories, creating new accounts, defining account information and creating ledgers.

  • Main Account Categories
  • Chart of Accounts
  • Main Account Information
  • Main Account Administration Information
  • Main Account Setup Information
  • Configuring Account Structures
  • Advanced Rules
  • Ledger Setup
  • Accounts for Automatic Transactions
  • Inquiries and Reports Related to the Chart of Accounts

Lab : Enter a Main Account
Lab : Account Allocation Terms

Module 3: Journal Setup This module explains the basic setup procedures for journals, including journal names, controls, and texts.

  • Journal Setup
  • Journal Controls
  • Journal Descriptions
  • Balance Control Accounts
  • General Ledger Parameters

Lab : Set Up Journals

  • Set up the Vendor Invoice Journal
  • Set up the Rent Journal
  • Set up Journal Text for the Rent Journal
  • Set up General Ledger Parameters.

Module 4: General Ledger Daily Procedures This module focuses on journal management and journal transactions. Review, change and modification of journals are discussed in this course.

  • General Ledger Journals
  • Enter General Ledger Transactions
  • Posting Multiple Journals
  • Approval Journals
  • Gathering Data for an Approval Journal
  • Voucher Templates
  • Periodic Journals
  • General Ledger Transaction Reversal
  • Reversing Entries – General Journal
  • Inquire and View Reports on Daily Journal Transactions

Lab : Daily Transactions

  • Create the Journal
  • Create the Journal Lines
  • Post the Journal

Lab : Daily Transactions with Balance Control

  • Create the General Journal
  • Validate the General Journal
  • Review the Balance Control

Lab : Entering Periodic Transactions

  • Set up the Journal Name
  • Create the Periodic Journal
  • Post the Entry

Module 5: Sales Tax Setup This module introduces the functionality available for handling sales tax in Microsoft Dynamics AX. Information regarding tax calculations options, posting and reporting can be handled is discussed along with how to enter sales tax transactions.

  • Sales Tax Overview
  • Ledger Posting Groups
  • Sales Tax Authorities
  • Sales Tax Settlement Periods
  • Sales Tax Codes
  • Sales Tax Code Intervals
  • Sales Tax Groups
  • Item Sales Tax Groups
  • Sales Tax Jurisdictions
  • Sales Tax Transactions
  • Sales Tax Exemption
  • Withholding Sales Tax

Lab : Create a Ledger Posting Group

  • Set up the Ledger Account
  • Set up the Ledger Posting Group

Lab : Create a Sales Tax Authority
Lab : Create and Assign a Vendor to the Sales Tax Authority

  • Set up the Vendor
  • Assign the Vendor to the Authority

Lab : Setup of Sales Tax Settlement Periods

  • Set up the Tax Settlement
  • Set up the Periods Tab

Lab : Set Up Sales Tax Codes Intervals

  • Edit the Tax Code Record
  • Edit the Existing Line by Adding Dates
  • Create the rest of the Lines

Lab : Comprehensive Setup of Sales Tax

  • Set up a Vendor
  • Set up accounts in the Chart of Accounts for Sales Tax Payable
  • Set up Ledger Posting Groups
  • Set up a Sales Tax Authority
  • Set up Sales Tax Settlement Periods
  • Set up Sales Tax Codes and Intervals
  • Set up a Sales Tax Group
  • Record an Invoice in the Accounts Payable Journal

Lab : Including Sales Tax in Journal Amounts
Lab : EU 115 Sales Tax Directive

Module 6: Financial Features This module focuses on features that are used across the various financial modules of Microsoft Dynamics AX. Topics include financial reason codes and the fill utility.

  • Financial Reason Codes
  • Fill Utility

Module 7: Cash and Bank Management Setup This module introduces the concepts and methods used to create and maintain bank accounts. Topics include setting up bank accounts, bank transactions types, transaction groups, bank parameters and payment purpose codes.

  • Bank Transaction Types
  • Bank Transaction Groups
  • Cash and Bank Management Parameters
  • Payment Purpose Codes
  • Bank Groups
  • Bank Accounts
  • Check Layout

Lab : Create Bank Transaction Types and Bank Transaction Groups

  • Create a Bank Transaction Type for Cash Withdrawals
  • Create a Bank Transaction Type for Bank Charges

Lab : Create a Bank Group and Bank Account

  • Create a new Account
  • Create a new Bank Group
  • Create the new Bank Account

Lab : Define a Check Layout

Module 8: Cash and Bank Management Daily Procedures This module focuses on the available processes to manage bank transactions including creating checks, deleting checks, voiding checks, creating a bank deposit entry, reverse a check payment, bank remittances, refund checks and bank statement reconciliation.

  • Create Checks
  • Delete a Check
  • Deposit Slips
  • Void Unposted Checks
  • Refund Checks
  • Bank Remittance
  • Payment Reversal
  • Reconcile a Bank Account

Lab : Create and Delete a Check

  • Create Checks
  • Delete Checks

Lab : Create a Deposit Slip

  • Create a Customer Payment Journal
  • Verify the Deposit Slip
  • Cancel the Deposit Slip
  • Verify the Deposit Slip is Canceled

Lab : Check Refund

Module 9: Accounts Payable Setup This module describes the different Accounts Payable setup options. It discusses setup procedures and defaults including topics such as payment options, vendor setup and posting profiles.

  • Payment Schedule
  • Terms of Payment
  • Payment Days
  • Cash Discounts
  • Payment Fee
  • Methods of Payment
  • Vendor Groups
  • Accounts Payable Posting Profiles
  • Accounts Payable Vendors

Lab : Terms of Payment
Lab : Method of Payment, Terms of Payment, and Cash Discount

  • Create a new Method of Payment
  • Assign the new Method of Payment to a Vendor

Lab : Create a Vendor Group

  • Create a new Vendor Group
  • Assign the Automatic Posting to the new Vendor Group

Lab : Vendor Posting Profile
Lab : Vendors

  • Create a New Vendor

Module 10: Accounts Payable Daily Procedures This module discusses the various invoice journals in the Accounts Payable module. It describes what to use each invoice journal for, and how to enter transactions in each journal.

  • Invoice Journals in Accounts Payable
  • Invoice Register
  • Invoice Approval Journal
  • Vendor Invoice Pool Excluding Posting Details
  • Invoice Journal
  • Voucher Template
  • Payment Journals
  • Prepayments
  • Invoice Matching
  • Charges to Purchase Order Invoices
  • Edit Open Transactions
  • Reverse a Closed Transaction
  • Print Management

Lab : Register an Invoice

  • Pre-register the Invoice and Transfer to an Invoice Pool
  • View the Invoice in the Invoice Pool
  • Create and Post an Invoice Approval Journal

Lab : Invoice Pool Excluding Posting
Lab : Invoice Journal
Lab : Payment Journals

  • Enter Invoices
  • Use the Invoice Approval Journal
  • Make Payments for the Invoices

Lab : Setup and Track a Prepayment

  • Create a Purchase Order with a Request for a Prepayment
  • Post a Prepayment Invoice
  • Make a Payment for the Prepayment

Lab : Reverse a Closed Transaction

Module 11: Accounts Receivable Setup This module introduces the setup procedures and defaults used in the Accounts Receivable module. Topics discussed include creating payment schedules, terms of payment, payment days, payment fees, and methods of payment. Setting up customers, customer groups and posting profiles are also discussed.

  • Payment Schedule
  • Terms of Payment
  • Payment Days
  • Cash Discounts
  • Payment Fee
  • Methods of Payment
  • Customer Groups
  • Accounts Receivable Posting Profiles
  • Accounts Receivable Customers

Lab : Terms of Payment

  • Create a new Term of Payment
  • Assign a new Term of Payment

Lab : Set up a Method of Payment
Lab : Create a Customer Group

  • Create a New Customer Group
  • Define Automatic Posting for the New Group

Lab : Set Up a Customer Posting Profile
Lab : Create a Customer

Module 12: Accounts Receivable Daily Procedures This module discusses the free text invoice and payment journal and various other Accounts Receivable transactions that you use on a day to day basis in Accounts Receivable.

  • Free Text Invoice – Description and Usage
  • Payment Journals
  • Edit Open Transactions
  • Placing an Accounts Receivable Transaction on Hold
  • Reverse Settlements
  • Reimburse a Customer
  • Reason Codes
  • Print Management

Lab : Create Free Text Invoices
Lab : Settlements – Entering an Accounts Receivable Payment Journal (Cash Receipt)
Lab : Edit Open Transactions

  • Create the Invoice
  • Create and Post the Payment Journal
  • Settle the Invoice
  • Verify the Settlement

Lab : Reverse a Settlement
Lab : Reimburse a Customer

  • Set the Minimum Reimbursement Value
  • Create the Free Text Invoice
  • Create and Post the Payment Journal
  • Settle the Invoice and the Payment
  • Record the Reimbursement
CTU Training Solutions , Updated: July 6th, 2017

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